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In addition, each Entity's 1991 and 1992 experience data
indicates that, per category of rental units consisting of all
rental units having the same initial term, the actual average
total amount of gross rental the Entities received under all
rental contracts for a rental unit in such category was the
product of the initial cost to the Entity of such rental unit
times the following delineated integer:
Initial Term Integer
Months Guaranteed ABC
12 3.1 3.0
15 2.7 3.4
18 3.0 3.2
19 2.6 2.5
20 3.2 2.8
21 3.0 3.1
An integer of 3.0 represents a gross return of 300 percent of
initial cost. Thus, petitioners' experience indicates that the
total amount of gross rental received on rental units
approximated 300 percent of their initial cost, the percentage
the parties stipulated that the total gross rental anticipated to
be received on each rental unit would equal.
Petitioners provided data only for the 1991 and 1992
calendar years. Since such data for the years at issue was not
readily available without resorting to significant expense,
experience data derived from the 1991 and 1992 calendar years was
utilized. The parties stipulated that petitioners' business
operations and surrounding market conditions remained essentially
unchanged from the years at issue through the years in which such
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